Tuesday, 30 September 2008

Where will it end?

Matthew Taylor's blog on the economy is worth reading. He's wise, clever and imaginative (as demonstrated by becoming a board member of Newscounter!)

He says things will never be the same again. But we don't yet know how profoundly because this crisis is not over. It probably won't stop with banks. But by what criteria should governments intervene? If the market for internet advertising collapses, should a government support Google? It is far more inter-connected, with a bigger customer base and more dependants than any AIG or HBOS.